Costco Wholesale August Comparable Sales Rise 7% - Quick Facts

(RTTNews) - Membership warehouses operator Costco Wholesale Corp. (COST) said that its total comparable sales for the month of August 2014 increased 7%. Monthly comparable sales rose by 7% in the U.S., and by 6% in the International segment.

Excluding negative impacts from gasoline price deflation and foreign exchange, comparable sales for the month grew by 8% for the total company, with a 7% increase in U.S and a 8% growth in international region.

Net sales for the month of August, the four weeks ended August 31, 2014 were $8.8 billion, an increase of ten percent from $8.0 billion in the similar period last year.

For the 16-week fourth quarter, the Company reported net sales of $34.8 billion, an increase of nine percent from $31.8 billion in the fourth quarter of fiscal year 2013, ended September 1, 2013. Total comparable sales for the period increased 6%. Excluding certain items, total comparable sales were up 7%.

For the 52-week fiscal year ended August 31, 2014, net sales were $110.2 billion, an increase of seven percent from the $102.9 billion last year.

The company plans to release its operating results for the fourth quarter and fiscal year ended August 31, 2014, on October 8, 2014.